Richard Murphy warns that stock prices could fall by 50%, citing extreme overvaluation of AI shares and a Bank of International Settlements warning that an AI crash could produce an investment drought…
US stocks are now priced 41 times their average decade earnings, surpassing the 32.5 ratio that preceded the Great Depression, according to economist Russ Mould. The overvaluation is driven by AI hype…
Nobel laureate economist Robert Shiller warns that widespread fear of AI-driven job losses could become a self-fulfilling prophecy, as negative narratives about AI's impact on employment may cause con…
Converting sub-prime mortgages to price-indexed instruments in 2008 would have prevented the liquidity crisis that triggered mass defaults, according to an analysis. The intervention would have elimin…